China has taken a step forward in renewable energy, launching the world’s first gigawatt-scale offshore solar photovoltaic project. Situated 8km off the coast of Dongying City in Shandong Province, this sprawling facility spans over 1,223 hectares. It is designed to generate approximately 1.78 billion kilowatt-hours of electricity annually, enough to power nearly 2.67 million households. […]
China makes waves with offshore solar project Read More »
Greg Boland, Chief Strategy Officer for Tiger Brokers, provides his weekly update. The Trump trade At the close of US equities trading this morning, many of the Trump trade stocks had begun to give back some of the huge price gains they have made in the past week since Donald Trump became President-Elect. The crypto
Weekly market commentary with Tiger Brokers Read More »
To register for Friday’s webinar click here. Midway Limited (ASX:MWY) has entered into a binding Scheme Implementation Deed (SID) with RCM BidCo Pty Ltd, an entity controlled by River Capital Pty Ltd, for the acquisition of all Midway shares. Under the proposed scheme, if approved, Midway shareholders will receive $1.19 per share in cash, which
Hot Stocks: Midway, BluGlass, Minbos Resources Read More »
Catapult Group International (ASX:CAT) has announced a robust financial performance for the first half of FY25, ending 30 September 2024. The company’s Annualised Contract Value (ACV), a key measure of recurring revenue, surged by 20% year-on-year to reach US$96.8m, driven by expansion in Catapult’s Performance & Health and Tactics & Coaching verticals. Revenue climbed 19%
SaaS success launches Catapult’s profits skyward Read More »
Nufarm (ASX:NUF) has announced its full-year financial results for FY24, reporting underlying EBITDA of $313m, which was at the midpoint of guidance despite a 29% decline from the previous year. This performance came as Nufarm navigated competitive pricing pressures and lower revenue in some segments. The company’s net debt dropped by 25% to $635m, and
Nufarm prunes costs, plants diversification Read More »
GrainCorp (ASX:GNC) reported a resilient performance in its FY24 results despite difficult global and local market environments. Earnings, however, have come in slightly below expectations. The company achieved an underlying EBITDA of $268 million, down from $565 million in FY23, while net profit after tax (NPAT) fell to $62 million from $250 million in FY23.
GrainCorp’s growth hits a dry spell Read More »
Cbus Super CEO Kristian Fok is set to appear before the Senate Economics References Committee today. For some months, the Senate had planned to bring Cbus before the Senate Economics Committee alongside the prudential regulator APRA, Housing Australia, and various other superannuation funds in relation to a special inquiry to examine housing issues. Senators have questions
Cbus faces Senate grilling Read More »
Neuren Pharmaceuticals (ASX:NEU), an Australian biotech focused on developing treatments for neurological disorders, has announced a substantial on-market share buy-back program. The company intends to repurchase up to A$50 million in shares, citing stable cash inflow from sales of its Rett syndrome drug, DAYBUE, in the United States as a driving factor. The program allows
Neuren launches $50m share buy-back Read More »
The S&P 500 and Dow Jones Industrial Average ended Wednesday’s session near the flatline as the postelection rally lost momentum. Investors also focused on a key inflation report, which came in as expected. The S&P 500 edged up by 0.02 per cent, closing at 5,985.38, while the Dow rose 47.21 points, or 0.11 per cent,
S&P 500, Dow remain steady while Nasdaq dips Read More »
The Australian Competition and Consumer Commission (ACCC) has flagged potential issues with Cleanaway Waste Management’s (ASX:CWY) planned acquisition of the waste and recycling division of Citywide Service Solutions. In June this year, Cleanaway had agreed to acquire the division for $110m. As part of the transaction, Cleanaway committed to redevelop the Dynon Road waste transfer station
Waste not, compete not? ACCC flags concerns over Cleanaway’s $110m Citywide Deal Read More »
